In this section of the report, your job is to explain cost accounting and what skills you can bring to the company. The CFO feels you should include an overview of what cost management is and some of its applications. Be sure to discuss the opportunities available in the cost accounting and how it relates to corporate strategy. This section of your report should be approximately two pages in length. In this section of the report, you are asked to classify the product costs for the production of toka balls. Classify each cost as: Complete the table and include it in your report. The management team will require justification for each cost (i.e. why you classified the costs as you did). The third section of the report should contain your computations for the month of July based on the information given below. The following information is available for a GFI division that produces electronic scoreboards. These are special order products that use a job order cost accounting system. The management team wants to see your calcula
tions in your responses. Compute the following amounts for the month of July. In the last section of the report, the management team would like to know the profits they can expect from the two models of pitching machines they currently manufacture. The softball pitching machine and the hardball machine make up the entire product line. To help determine the profit of each individual product, the CFO wants overheads to be allocated back to the products. Total inspection costs are $40,000. The estimated production budget is as follows. Use Microsoft Excel to calculate your answers to the four questions and cut and paste the results into your report. You know that your report will be shared with senior level managers and eventually to the board of directors. However, you are uncertain whether or not you will be allowed to present your work at a later time or in a different manner. Therefore it is important that your report is well written, professional, includes an introduction and a conclusion, and follows APA standards. By